Written By
Nick Raffoul
Nick Raffoul is the Founder and Lead Analyst at Best Canadian Stocks. He graduated with a degree in Business Administration, has over a decade of writing experience, and grew his personal portfolio 153% from 2020 to 2024.
The experts at Best Canadian Stocks have ranked and reviewed the top stock trading apps in Canada. While some exchanges offer minimal fees, others offer convenience, speed, and reliability at an affordable cost.
According to our research, Questrade ranks as the best investing app in Canada, followed by Wealthsimple, and Interactive Brokers.
Scroll down below for an in-depth review of the best investing apps in Canada and what they have to offer for Canadian investors.
How To Sign Up For The Best Investing Apps In Canada
- Click here to sign up for a Questrade account
- Fill out the required documents with accurate personal information
- Add funds to your Questrade account
- Receive a $50 trade commission rebate to invest in the best AI stocks
The Best Investing Apps In Canada
Whether you’re new to investing or an experienced trader, signing up for one of the best investing apps in Canada can help you maximize your stock market returns.
The best investing apps in Canada combine low fees with excellent tools to create a more user-friendly trading experience.
Below, we’ll go over three of the best investment apps in Canada and what they have to offer to new investors.
- Questrade — Low fees + $50 in free trades for new non-registered accounts
- Wealthsimple — Commission-free trading +$10 cash for free
- Interactive Brokers — Low fees, excellent investment tools, and competitive margin rates
1. Questrade — Low fees + $50 in free trades for new non-registered accounts
For Canadian investors that are serious about earning a profit in the stock market, Questrade is a great place to start.
Launched in 1999, Questrade has been committed to serving investors by offering some of the lowest trading fees on the market.
Great for beginners and stock trading experts, Questrade enables investors to trade several different types of assets, including the best Canadian bank stocks, ETFs, and more.
Questrade also offers low fees for managed accounts.
Canadian investors only pay a portfolio management fee of 0.25% for investments below $1,000 and 0.2% beyond that.
Funding your account is also easy with Questrade. By using Debit Visa Card or Interac, investors can instantly deposit a up to $3,500 per day to their account.
2. Wealthsimple — Commission-free trading +$10 cash for free
For investors that want to avoid trading fees altogether, Wealthsimple might be the best option.
One of the top investing apps in Canada, Wealthsimple offers traders the ability to buy and sell Canadian stocks and ETFs with zero commission fees. That means Canadians can buy blue-chip stocks for free.
It also offers terrific customer support, making it a terrific option for first-time traders.
Great for users of all experience levels, Wealthsimple allows users to set up their accounts quickly and requires no minimum balance to keep their accounts active. While it has most of the top dividend stocks in Canada, due to strict criteria and restrictions on certain exchanges, Wealthsimple doesn’t offer as many Canadian penny stocks as other brokerages.
3. Interactive Brokers — Low fees, excellent investment tools, and competitive margin rates
One of the top-rated investment apps in Canada, Interactive Brokers has positioned itself as an excellent option for beginners and serious traders alike.
Like Questrade, Interactive Brokers allows Canadians to buy the best Canadian stocks with low commission fees with no added spreads, ticket charges, platform fees, or account minimums.
Unlike most stock trading apps, the platform also offers access to international markets and useful investment tools, including market research, analytical tools, advanced order types, and execution capabilities.
This allows stock traders to create a sophisticated and customizable trading experience, making it an excellent option for more experienced investors.
Interactive Brokers also offers margin rates that are roughly 60 percent below the industry average, making it one of the best investing apps for advanced stock trading strategies.
Beginners can also sign up for a free demo account, which they can use to practice trading with no risk, making it a great educational resource for investors that are just getting started.
Written By
Nick Raffoul
Nick Raffoul is the Founder and Lead Analyst at Best Canadian Stocks. He holds a degree in Business Administration and has over a decade of writing experience. Nick began investing just before the COVID-19 market crash in March 2020, growing his personal portfolio 153% by 2024. In 2022, he founded Best Canadian Stocks to make data-driven investing accessible to all Canadians. His goal is to help all of his readers achieve financial freedom, maximize their spending power, and reach their financial goals. Whether you're maximizing your TFSA, building an RRSP to save for retirement, or looking to buy your first stock, Nick has your back. His work covers Canadian equities, dividend investing, tax-advantaged accounts, and personal finance.